LETTINGS NEWS: Home ownership ambitions remain strong – even amongst renters
The desire for people to own their homes remains strong – even amongst those who are currently renting because they cannot afford to buy.
A YouGov survey of over 1,000 renters conducted for the Council of Mortgage Lenders reveals that 80 per cent of private tenants would like to be adults within 10 years.
The result is similar to previous surveys over the past 30 years, showing that even in the recent period of political uncertainty, the aspiration for home ownership remains strong.
However, the survey also shows around one in five tenants now see renting as a preferable lifestyle with more advantages than disadvantages – this is a higher figure than before, when renting was seen as a ‘second choice’.
The advantages of renting centre on its flexibility in terms of the type of property they choose to rent and the area in which they live.